YAX, a wholly-owned subsidiary of UP Fintech Holding Ltd, has partnered with Solidus Labs to strengthen its crypto-native transaction monitoring capabilities in line with the Hong Kong Securities and Futures Commission (HKSFC) requirements for licensed Virtual Asset Trading Platforms (VATPs).
Through this collaboration, YAX has implemented Solidus HALO Transaction Monitoring, a crypto-native behavioural analytics solution that provides unified oversight across on-chain and off-chain activities. The platform enables YAX’s compliance team to detect and investigate sophisticated, multi-layered fraud schemes and money-mule networks—typologies increasingly prevalent in digital-asset markets—while ensuring adherence to Hong Kong’s AML/CFT obligations.
“Ensuring that YAX meets the HKSFC’s AML and transaction-monitoring standards is a cornerstone of our compliance framework,” said Hugo Wong, Head of Compliance at YAX. “We chose Solidus Labs because of their deep understanding of crypto market behaviors and their ability to detect risk across both onchain and offchain environments. Their behavioral-based monitoring provides the level of sophistication necessary to identify complex fraud patterns and safeguard our users in Hong Kong’s regulated digital-asset ecosystem.”
Solidus HALO empowers compliance teams to analyze suspicious crypto and crypto–fiat transactions for money laundering, fraud, and financial crime by synthesizing numerous onchain and offchain risk signals — all within a single platform at the click of a button.
Future-proofing its compliance program, YAX is adopting crypto-native transaction-monitoring algorithms designed to protect users from a range of emerging crypto-specific risks, ensuring the platform remains resilient as market typologies evolve.
Stay Ahead of the Financial Curve with Our Latest Fintech News Updates!
